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Filing for bankruptcy is an option, StreamLogic said today after reporting it would post losses of $20.8 million for its fourth quarter and $16.1 million for year's end. It is also likely that the company's common stock will be removed from listing on Nasdaq. That comment sent stockholders fleeing: The stock lost about 82 percent of its value in early trading from yesterday's close of 11/32.
Filing for bankruptcy is an option, StreamLogic said today after reporting it would post losses of $20.8 million for its fourth quarter and $16.1 million for year's end. It is also likely that the company's common stock will be removed from listing on Nasdaq. That comment sent stockholders fleeing: The stock lost about 82 percent of its value in early trading from yesterday's close of 11/32.
Discuss: Short Take: Big losses for StreamLogic
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